Skip to main content

About your Search

20100913
20100913
LANGUAGE
Search Results 0 to 2 of about 3 (some duplicates have been removed)
WETA
Sep 13, 2010 7:00pm EDT
bring us up to date. what's now happened in basil? you have these new rules. what jumps out to you as being important particularly vis-a-vis thinking about what happened two years ago? >> well, one of the things we learned two years ago is that banks are dangerous. they perform very useful functions in society. they redistribute money and resources. but if they go wrong, they can bring down the entire system with them. so we need to do everything we can to make banks safer. one of the things we can do is make them hold more money in reserve for when they get into trouble. a couple of years ago most banks were holding only two or three cents on the dollar for every asset they held. if the markets turned against them they could get into trouble very quickly. what this new banking regulation is about, the one set up in switzerland over the weekend, is forcing banks to hold more money against losses. i think that's a good idea. it's an obvious thing to do but, you know, it was necessary. >> brown: andrew, what would you add to that? >> i think the real question is, is it enough? you lo
Search Results 0 to 2 of about 3 (some duplicates have been removed)